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Irish domestic barley is moving slowly as feed demand softens and maize imports from Canada, Russia and Ukraine continue, with 156,000 tonnes of non-EU maize arriving in January. Wheat prices are easing under pressure from favourable crop reports and high ending stocks.
USDA raised its estimate of world wheat supplies and lifted 2018/19 world wheat ending stocks to 275.61 million tonnes.
Higher global wheat supplies and cheap imported maize weigh on feed barley and wheat values in the Irish market. A likely barley carryover into the next harvest adds further pressure.
ifa.ieApr 8, 2019Not enough comparable past events yet for a historical read.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
